CAPROCK Group Inc. purchased a new stake in shares of Tech Data Corp (NASDAQ:TECD) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 2,153 shares of the company’s stock, valued at approximately $226,000.

Several other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. grew its holdings in shares of Tech Data by 24.1% during the 2nd quarter. BlackRock Inc. now owns 4,780,405 shares of the company’s stock valued at $482,820,000 after purchasing an additional 927,770 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Tech Data by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 3,834,033 shares of the company’s stock valued at $387,237,000 after purchasing an additional 95,414 shares during the last quarter. State Street Corp grew its holdings in shares of Tech Data by 3.7% during the 2nd quarter. State Street Corp now owns 1,269,882 shares of the company’s stock valued at $128,258,000 after purchasing an additional 44,944 shares during the last quarter. Alyeska Investment Group L.P. bought a new stake in shares of Tech Data during the 3rd quarter valued at approximately $76,672,000. Finally, Northern Trust Corp grew its holdings in shares of Tech Data by 1.8% during the 2nd quarter. Northern Trust Corp now owns 694,030 shares of the company’s stock valued at $70,097,000 after purchasing an additional 12,101 shares during the last quarter. 98.12% of the stock is currently owned by institutional investors.

Tech Data Corp (TECD) opened at $105.49 on Friday. The stock has a market cap of $4,020.00, a P/E ratio of 20.13, a PEG ratio of 0.52 and a beta of 0.78. Tech Data Corp has a 1 year low of $81.42 and a 1 year high of $111.10. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.35 and a quick ratio of 0.89.

Tech Data (NASDAQ:TECD) last issued its quarterly earnings results on Monday, November 27th. The company reported $2.00 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.90 by $0.10. The firm had revenue of $9.14 billion for the quarter, compared to the consensus estimate of $9.10 billion. Tech Data had a net margin of 0.59% and a return on equity of 11.90%. The company’s revenue for the quarter was up 40.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.44 EPS. equities research analysts forecast that Tech Data Corp will post 9.14 earnings per share for the current fiscal year.

In other news, COO Richard T. Hume sold 3,100 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $98.06, for a total value of $303,986.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.60% of the stock is currently owned by insiders.

A number of equities research analysts have weighed in on TECD shares. Pivotal Research set a $114.00 target price on shares of Tech Data and gave the stock a “buy” rating in a report on Tuesday, November 28th. Needham & Company LLC boosted their target price on shares of Tech Data from $102.00 to $110.00 and gave the stock a “buy” rating in a report on Tuesday, November 28th. ValuEngine raised shares of Tech Data from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. BidaskClub raised shares of Tech Data from a “hold” rating to a “buy” rating in a report on Tuesday, January 9th. Finally, Raymond James Financial reissued a “hold” rating on shares of Tech Data in a report on Tuesday, November 28th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $112.33.

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Tech Data Company Profile

Tech Data Corporation is a wholesale distributor of technology products. The Company serves as a link in the technology supply chain by bringing products from the technology vendors to market, as well as providing its customers with logistics capabilities and services. It operates through the segment of distributing technology products, logistics management and other value-added services.

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Institutional Ownership by Quarter for Tech Data (NASDAQ:TECD)

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